Bursa Alert
Global Market
NewsMaybank ready for S'pore incorporated ops (1155)
Page 1 of 1
Maybank ready for S'pore incorporated ops (1155)
by hlk Fri 29 Jun 2012, 18:26
Malaysia's top lender Maybank is prepared to locally incorporate its
retail operations in Singapore if the city state's government requires
it, a top company official said on Friday.
Chief Executive
Abdul Wahid Omar said Maybank was waiting for more clarity on the new
rules announced by Deputy Prime Minister Tharman Shanmugaratnam on
Thursday in a speech to bankers attending an industry dinner.
Shanmugaratnam said foreign banks with a large share of deposits in the
city-state will be required to locally incorporate their retail
operations, a move that will force lenders like Maybank to commit
capital there. -- Reuters
retail operations in Singapore if the city state's government requires
it, a top company official said on Friday.
Chief Executive
Abdul Wahid Omar said Maybank was waiting for more clarity on the new
rules announced by Deputy Prime Minister Tharman Shanmugaratnam on
Thursday in a speech to bankers attending an industry dinner.
Shanmugaratnam said foreign banks with a large share of deposits in the
city-state will be required to locally incorporate their retail
operations, a move that will force lenders like Maybank to commit
capital there. -- Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» 1155 MAYBANK - Dividend ex-date likely to be within next two months
» MAYBANK - Looking to buy a stake in Bank of Ayudhya? (1155)
» Maybank optimistic of maintaining BII stake (1155)
» Maybank targets RM32m investments with 'Silver Account' (1155)
» (1155) Maybank H1 earnings surge to record high
» MAYBANK - Looking to buy a stake in Bank of Ayudhya? (1155)
» Maybank optimistic of maintaining BII stake (1155)
» Maybank targets RM32m investments with 'Silver Account' (1155)
» (1155) Maybank H1 earnings surge to record high
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum